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30 Most Popular Stocks Among Hedge Funds: 2024 Q3

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October data from the Investment Company Institute shows that index funds have a 60% market share.

Investors believe that beating the market is increasingly challenging and index funds offer the most effective approach to stock market investing.

I hold a PhD in financial economics. My research has shown that insiders and hedge funds can outperform the passive index funds by a very large margin over long periods of time.

I know what you might be thinking.

Hedge fund data is delayed by 45 days, potentially making it outdated by the time we receive it. How can this approach still be effective?

Well, you don’t need to speculate. Just look at the performance.

Overall, hedge funds’ top 10 stock picks returned 532.1% since 2014 (through December 31st) and beat the S&P 500 Index ETF (SPY) by 254.7 percentage points.

We have been telling our readers and subscribers for years to imitate hedge funds’ top stock picks.

Here is our previous article on this topic.

You can also check out our 2023 articles about the 30 most popular hedge fund stocks at the end of the third quarter and first quarter here. You can also check out the previous lists that are published in 2002Q4, 2022Q2, 2022 Q1, 2021 Q4, 2021 Q3 and 2021 Q2 here. In May 2021, we shared hedge funds’ top 30 stock picks for 2021 Q1. In February 2021, we also shared hedge funds’ top 30 stock picks. We also shared hedge funds’ top 30 stock picks at the end of November 2020. Three months before that we shared hedge funds’ top 30 stock picks for Q2’20. In fact, we have been sharing the list of hedge funds’ top 30 stocks since 2012 in our quarterly newsletter.

In 2023 top 10 stocks returned 75.1% and outperformed the S&P 500 Index ETF (SPY) by nearly 50 percentage points.

2024’s top 10 stocks returned 40.3% versus 24.9% gain for SPY.

Sixty percent of all investors invest in dumb index funds because they were made to believe that they can’t outperform the market by stock selection.

Our readers who invest in hedge funds’ top 10 stock picks beat the S&P 500 index funds by 255 percentage points over a 10-year period. That’s real money.

Every quarter we process more than 900 hedge funds’ 13F filings and identify the top stocks among ALL 900+ hedge funds.

The list of top 10 hedge fund stocks hasn’t changed much since the third quarter of 2018.

You can invest in this low turnover simple strategy by subscribing to our quarterly newsletter or simply reading my articles.

If you subscribe to our free e-newsletter below, you can get a daily free email alert whenever we publish something important.

The best thing about following hedge funds’ top picks on our website is that you don’t need to pay hedge funds an annual 2% fee and 20% of your profits to beat the market.

We do that here free of charge.

Our approach is also superior to investing directly into hedge funds because we don’t like to invest in a hedge funds’ 35th best idea when we can invest in only the best stock picks of the best hedge funds.

Below we listed the 30 most popular stocks among hedge funds at the end of September 2024. If you are only interested in a more concentrated portfolio, check out the top 10 stocks in this list below:

30. Progressive Corporation (NYSE:PGR)

Number of Hedge Funds: 95 (2024Q3)
Number of Hedge Funds: 89 (2024Q2)
Total Dollar Amount of Long Hedge Fund Positions: $7.4 billion
Percent of Hedge Funds with Long Positions: 10.6%
Q4 Return: -4%
Popularity Ranking (2024Q2): 38
Popularity Ranking (2024Q1): 38
Noteworthy Hedge Fund Shareholders: John Armitage

Pixabay / Public Domain

Follow Progressive Corp (NYSE:PGR)

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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